Coronavirus

Jun- 2020 -

16 June

Greggs to reopen 800 stores

Greggs has announced the locations of 800 shops that are set to reopen on 18 June. The bakery chain will reopen these sites following a “successful trial” in a selection of North East sites, and will now resume operations in a number of areas across the country. In its latest…

15 June

Le Caprice to close premises after 38 years

Le Caprice, the London restaurant that became a favourite for celebrities such as Princess Diana, will no longer reopen its doors after 38 years of trading. According to a statement received by the Daily Mail, The restaurant, which is owned by millionaire businessman Richard Caring, said that it would be…

15 June

City Pub Group posts strong results as it reveals new ‘streamlined’ business

The City Pub Group has revealed it experienced a 31% increase in revenues for the year ended 29 December 2019, and revealed it is set to reopen as a more “efficient” and “streamlined” business post Covid-19. The group said it saw revenues reach £60m up from £45.7m the previous year.…

15 June

Hospitality sector responsible for a quarter of GDP fall

The hospitality sector was responsible for nearly a quarter of GDP losses reported across the UK in April, according to the latest data from UKHospitality and CGA. According to the industry bodies, this figure highlights the “urgent need” for the sector to be allowed to reopen this summer. Total GDP…

12 June

17% of food businesses increased revenue during pandemic, study finds

A survey of over 300 food businesses including restaurants, cafe and deli owners, has found that those who were quickly able to offer online ordering were able to “protect or in fact grow” revenue during lockdown. The survey carried out by food technology software provider Nutritics, found that 17% who…

12 June

Greene King Pub Partners reaches £15m of financial support for tenants amid pandemic

Greene King Pub Partners has written to all its leased and tenanted partners confirming the additional support it will provide them as pubs look to adapt to reopening post lockdown. The pub group revealed that since pubs closed for the Covid-19 lockdown, it has provided approximately £11m in rent concessions…

12 June

UK GDP slumps over 20% in April as full impact of Covid-19 is felt

GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from the Office for National Statistics (ONS). It is the biggest monthly fall since the ONS’ series began in 1997, with the measure also falling by 10.4% in the three months…

11 June

UKHospitality: Clarity on opening could save up to 40,000 Welsh jobs

An “orderly and clearly signalled” opening date that allows high summer season trading could save as many as 40,000 jobs this year in and around Wales’ hospitality industry, according to UK Hospitality Cymru. The message comes from the trade association after the Welsh Government has so far avoided issuing any…

10 June

Pubs could triple off-premise visits with delivery and takeaway post lockdown

Publicans and bar operators have an opportunity post lockdown to focus on the contribution of off-premise visits to their businesses, according to global information company The NPD Group. In the year to March 2020, 9.9% of all British pub visits were off-premise – up from 7.6% five years earlier, with…

10 June

The Restaurant Group launches CVA, 125 sites to close

The Restaurant Group has announced a proposal to reduce the size of its Leisure estate and rental cost base through a company voluntary arrangement (CVA). The CVA will relate to the group’s Frankie and Benny’s estate, Chiquito and Garfunkel’s sites, but will have no impact on the group’s Wagamama, airport…